Restricted Investments

12 Months Ended

Dec. 31, 2022

Restricted Investments

Restricted Investments

Note 7. Restricted Investments

Various restricted investment accounts fund certain long-term contractual and asset retirement obligations and collateralize certain regulatory bonds associated with the offshore Southern California oil and gas properties. The components of the restricted investment balances are as follows:

	December 31,
	2022		2021
	(In thousands)
BOEM platform abandonment (See Note 16)	$	7,016	$	313
SPBPC Collateral:
Contractual pipeline and surface facilities abandonment		4,310		4,309
Restricted investments	$	11,326	$	4,622